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616 N 40TH Street

PHILADELPHIA, PA 19104
  • $1,100,000
  • STATUS: Active
  • ON SITE: 44 Days
  • ID#: PAPH2226364
Price Reduced
UPDATED: 52 min ago
$1,100,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,968
    SQFT
  • $221
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Information

Elementary School:
Middle School:
High School:

Description

Enormous new construction triplex plus separate office space with street frontage. Rent to PENN, DREXEL, CHOP, PENN MEDICAL STUDENTS AND PROFESSIONALS! 4 units total! 1st floor apartment has large private yard with 2BR/2BATH. 2nd floor apartment has 3BR/3BATH. 3rd floor apartment has 3BR/3BATH with access to oversized roofdeck. Being sold at estimated 6.5% pro forma cap rate. Construction is almost complete. 10 year tax abatement! Disclosure: For security reasons, while vacant, property has alarm and remote video surveillance.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Shawn Martin Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-03T15:52:34.793.
www.mymarylandrealestate.com/homes/138705835
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616 N 40TH Street PHILADELPHIA, PA 19104

  • Price: $1,100,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 52 min ago
  • ID#: PAPH2226364
0
Beds
0
Baths
0
½ Baths
0.04
Acres
4,968
SQFT
$221
$/SQFT
Neighborhood:
19104 (19104)
County:
Philadelphia
Area:
19104 (19104)
Elementary School:
Charles R. Drew
Middle School:
Alain Locke Elemementary
High School:
Overbrook
School District:
The School District Of Philadelphia
Property Description
Enormous new construction triplex plus separate office space with street frontage. Rent to PENN, DREXEL, CHOP, PENN MEDICAL STUDENTS AND PROFESSIONALS! 4 units total! 1st floor apartment has large private yard with 2BR/2BATH. 2nd floor apartment has 3BR/3BATH. 3rd floor apartment has 3BR/3BATH with access to oversized roofdeck. Being sold at estimated 6.5% pro forma cap rate. Construction is almost complete. 10 year tax abatement! Disclosure: For security reasons, while vacant, property has alarm and remote video surveillance.
Exterior Features

Architectural Style Other Construction Materials Other Garage YN No Parking Types On Street Pool No Pool Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3726 Below Grade Finished Area 1242 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Central Heating YN Yes Single Room Units 1 Three Bedroom Units 2 Two Bedroom Units 1

Property Features

Accessibility Features None Assessment Year 2023 Central Air YN Yes Construction Completed YN No Cooling Fuel Electric Foundation Details Other Heating Fuel None Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN Yes Number Of Units Total 4 Original MLSNumber 802285817192 Ownership Interest Fee Simple Possession Delay Settlement Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 1578.00 Tax Assessment Amount 112800.00 Tax Lot 176 Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Redblock Realty Inc.: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Shawn Martin Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-03T15:52:34.793.
 
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The Shawn Martin Group | Keller Williams Flagship of Maryland
231 Najoles Rd #100
Millersville MD, 21108